Hootech Balance Sheet Health
Financial Health criteria checks 5/6
Hootech has a total shareholder equity of CN¥1.6B and total debt of CN¥245.9M, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are CN¥1.9B and CN¥354.2M respectively. Hootech's EBIT is CN¥137.5M making its interest coverage ratio -18.9. It has cash and short-term investments of CN¥16.3M.
Key information
15.8%
Debt to equity ratio
CN¥245.88m
Debt
Interest coverage ratio | -18.9x |
Cash | CN¥16.28m |
Equity | CN¥1.56b |
Total liabilities | CN¥354.23m |
Total assets | CN¥1.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301026's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥316.5M).
Long Term Liabilities: 301026's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥37.8M).
Debt to Equity History and Analysis
Debt Level: 301026's net debt to equity ratio (14.8%) is considered satisfactory.
Reducing Debt: 301026's debt to equity ratio has reduced from 21.2% to 15.8% over the past 5 years.
Debt Coverage: 301026's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301026 earns more interest than it pays, so coverage of interest payments is not a concern.